New Delhi, March 28: The Orissa based public sector Navratna company-National Aluminium Company Limited (NALCO) has declared an interim dividend of 18 per cent for the financial year 2010-11.
According to an official release here today, this would become Re 0.90 per share. The face value of NALCO share is Rs 5. This would lead to payment of Rs 231.95 crore for financial year 2011-12 on the paid up equity capital of Rs 1288.62 crore.
Minister of State for Mines, Dinsha J Patel, was presented a National Electronic Clearing Service (NECS) advice today amounting to Rs 202.14 crore as interim dividend on the 87.15 per cent shares held by the Government. Secretary, Ministry of Mines Vishwapati Trivedi and B L Bagra, CMD, NALCO were notably present on the occasion.
NALCO, which started its commercial operations in 1987 has been earning profits consistently and has been declaring dividends since 1992. For the year 2010-11, the company had declared a total dividend of Rs 257.72 crore. The company had earned a net profit of Rs 1069 crore during the year 2010-11.
During the current financial year 2011-12, the company has earned a net profit of Rs 567.40 crore up to December 2011. The 18 interim dividend is being paid on enlarged capital base after split and bonus issue last year.
Since its inception, NALCO has paid Rs 4171.25 crore as dividend including Rs 3637.16 crore to Government. In addition, the company had also repaid an amount of Rs 644.31 crore to its shareholders during 1999 by reducing the capital base by 50 per cent.
豫公网安备41010502003434号